Romania Feed

Evergent Investments (former SIF Moldova, EVER.RO), the largest financial investment company by capitalization on the Bucharest Stock Exchange, bought into Nuclearelectrica (SNN.RO) in the fourth quarter last year, a Romanian government-controlled nuclear power producer, ZF has found from the company’s reports.

Aluminum producer Alro Slatina (ALR.RO) on Wednesday said that NN pension funds exceeded the 5% ownership threshold of Alro’s share capital, reaching a holding of 5.04%, on April 29, 2021.

Raiffeisen Bank will grant total funding of EUR5 million to 100 Romanian startups, a segment on which the bank attracted over 4400 entrepreneurs throughout the three editions of the factory by Raiffeisen Bank lending program.

Romania's finance ministry launches two new bond issues for the general population in May with one-year and three-year maturities, available for subscription in the period May 5-26.

British paper packaging producer DS Smith will invest EUR11 million in the next two years at its paper mill in Zarnesti, central Romania, to reduce the factory's environmental impact.

Romanian state-owned lender CEC Bank on Wednesday said it registered a net profit of RON81.7 million in the first quarter of 2021, above the forecast level.

Total industrial leasing activity in Romania grew 43% on the year in the first quarter, to 264,400 square meters, real estate consultancy company CBRE said in a report.

Nearly 30,000 new job openings were listed on online recruiting platform BestJobs in April, mostly in IT, sales, and finance, and the number of remote working positions doubled compared with April 2020.

Altex, Romania's leading electronics retailer, said Wednesday it has invested over EUR1 million in remodeling and upgrading two stores, in line with its expansion and modernization plan that targets digitalizing its stores across the country.

Concrete prefab manufacturer Prebet Aiud (PREB.RO) has acquired a 5% stake in Roca Investments, the investment division of Impetum Group, for EUR2.1 million, the company announced Wednesday.

Prima Development Group, a real estate developer based in Oradea, is investing EUR20 million in a 240-unit residential project in Bucharest for which it offers a five-year guarantee.

The investment allocation to living assets is set to grow throughout 2021, following the robust performance of the market throughout 2020, which resulted in EUR83.4 billion being invested into the sector, a survey by JLL showed Wednesday.

Shell Romania, the local subsidiary of Shell, has a new team for expansion in Romania, after having operated via a local agent in the last 15 years.

Pharmaceutical manufacturer Sandoz SRL, owned by Switzerland’s Novartis, one of the largest five local pharmaceutical plants in Romania, climbed 61 places in the ranking of the largest importers to ninth in 2020, National Statistics Institute data show.

OMV Petrom Group has all the necessary expertise and is ready to take over the operator role of the Neptun Deep block in the Black Sea after US’ ExxonMobil left, in case the bid submitted by Romgaz meets all the required criteria, says OMV Petrom CEO Christina Verchere.

Organic fertilizer producer Norofert (NRF.RO) said in a stock market announcement Tuesday that the second stage of the share capital increase operation was closed on April 27, 2021.

Franklin Templeton International Services, alternative investment fund manager and sole director of property restitution fund Fondul Proprietatea, on Tuesday announced that AIO V (Ireland) Finance Designated Activity Company and AIO VI (Ireland) Finance Designated Activity Company sent an aggregate disclosure of holdings under 5% of the total voting rights in Fondul Proprietatea.

Agricover Holding, one of the largest players in Romanian agribusiness, on Tuesday said it ended 2020 with consolidated profit of RON77.3 million, up 61% on the year, and consolidated revenue of RON1.64 billion, down 2% on the year.

The Board of Directors of chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, has summoned its shareholders on June 30, 2021 to approve the admission to trading of the company’s shares on the main regulated market of the Bucharest Stock Exchange, by transfer from the AeRO market, per a stock market report.

Autonom Services, an integrated provider of modern mobility services which owns the most extensive mobility network in Romania, on Tuesday said it ended 2020 with operating income of RON327 million, down 3.4% on the year, and a net profit of RON7.2 million, down 59% on the year.